Following closely on a set of troubling performance results (see previous reports), the UK-based but Chinese-facing online lottery company DJI Holdings has announced a conditional placing of 30.5 million new ordinary shares with the goal of raising GBP 29 million in fresh capital. The company said in an announcement that the funds raised will enable …
Thailand media reports indicate that the nation’s lottery could be going online, quoting sources who have revealed that the Ministry of Finance is about to propose a bill to government which will include the licensing of online lottery vendors. Work is already well advanced on the project, with the ministry collaborating with the Council of …
With the legalisation of online gambling a definite possibility (see previous reports), an industry exec has warned state lawmakers not to expect an immediate surge of tax revenue, and against making Pennsylvania too costly to encourage operators. Matthew Katz, the chief executive of industry services suppliers CAMS and Verifi told the publication Players Advantage over …
The Cabinet statement by new Philippines president Rodrigo Duterte this week that he wants to see an end to online gambling and licensing activities by PAGCOR (see previous report) prompted the licensor to impose a moratorium on further licensing and sent local gambling company shares reeling….but it also created a competitive advantage for Caribbean licensor …
Nevada, and specifically Las Vegas, stands ready to embrace the burgeoning eSports vertical beyond mere hosting of its events…gambling groups are reportedly seeing the potential of regulated and licensed betting on the video-gaming contests that have so captured millennial demographic attention. The publication CDC Gaming reported over the weekend that eSports involvement may soon spread …
The Euro 2016 football championship in Europe continued to generate intense Chinese betting interest this week as the quarter finals approached, creating a spike in illegal online gambling despite major police gambling ring busts and crackdowns on suspected gambling activity by technology and ecommerce giants Alibaba and Ten Cent. The Reuters news agency reports that …
Pennsylvania governor Tom Wolf has so far declined to sign off on the $31.5 billion budget bill sent to him by the state Legislature mere hours before the budget deadline Friday (see previous report), insisting that he will not sign it without being convinced that there are sustainable funding revenues in prospect. The delay has …
With just hours to spare before the start of the new financial year on July 1, the Pennsylvanian Legislature has reportedly approved a $31.5 billion budget bill that includes online gambling legalisation provisions and sent it to Governor Tom Wolf for signature within the next 10 days. The bill passed on a vote of 144 …
Cambodian press reports Saturday noted the sentencing the previous day of 23 South Koreans charged with operating illegal online gambling enterprises in Phnom Penh, specifically taking bets on international football matches. The defendants were each handed five month jail terms followed by immediate deportation by municipal judge Ly Sokleng, who named the ring leaders as …
The Russian bookmaking firm Rub90 has claimed following a statistical review that the average Russian punter is spending less this year, speculating that a weaker Russian currency and struggling economy may be having an impact. The company found that the average bet in the first quarter of 2016 was, at the equivalent of $11.39, around …
The US sports book division of Brit bookmaker William Hill has opened wagering on Virtual Racing at two of its Nevada race and sports books, boasting that it is the first in Nevada to do so. Combining quality graphics and the voice of legendary race caller Tom Durkin, William Hill Virtual Racing allows sports bettors …
https://www.youtube.com/watch?v=–EQlGs6y4A Another eye-catching online slot is reportedly due to arrive from Microgaming in July, titled Electric Diva – a 5 reel, 40 pay-line game with an imaginative theme based on an alien invasion opposed by a spectacular heroine equipped with a Lightning-Powered Guitar Blaster. Electric Diva takes the player to Spark City, which is being …
The UK company Lean Forward Limited has announced that its year-old online betting enterprise Win Cash Live.com has encountered difficulties and has been placed in administration. The company will be administered and managed by the London insolvency firm Quantuma, which has nominated two licensed insolvency practitioners, Simon Bonney and Andrew Hoskins, for the task. Just …
The newly elected president of the Philippines, Rodrigo Duterte, made headlines earlier this week with a Cabinet brief on the many areas of government where he intends to crack down hard – including online gambling (see previous report), and it took less than 48 hours for the effects to manifest themselves. The newly appointed chairperson …
Online gambling company BetVictor is the latest to widen its brand awareness in a football sponsorship deal, signing a three-year agreement with English Premier League side Liverpool as both training kit partner and global online betting team-mate. Attractive, spanking new football kit prepared by BetVictor has been introduced and appears to have been well received …
NextGen is going with the always popular ancient Egyptian theme in its next slot release, a 5 reel, 243 ways-to-win offering due for launch on July 6 and titled Egyptian Rise. The game was developed by one of NextGen’s four international design venues, Side City Studios in Montreal, Canada, and features exceptionally bright and well …
The GVC Holdings online gambling group has issued an advisory that it proposes to transfer the listing category of all of its ordinary shares from a standard listing on the Official List to a premium listing (commercial company) on the Official List on the London Stock Exchange. It is anticipated that the transfer will take …
A report from the Incapsula cyber security organisation has highlighted the increasing scope and sophistication of criminal Distributed Denial of Services attacks against websites, recording that a recent assault on an unidentified Chinese gambling site involved multiple nine-vector, 470 Gbps, 110 million packet-per-second activity, some of the biggest and most complex ever recorded. The publication …
The eSports sector in the UK has a new representative trade association following the launch this week of the not-for-profit British Esports Association, which operates from Pinewood Studios in Buckinghamshire. Chester King has been appointed as chief executive of the body, which is supported by the UK government and will work in collaboration with the …
The Cheshire, UK-based but Chinese facing lottery firm DJI Holdings has revealed that its pre-tax losses widened significantly year-on-year in 2015, from GBP 4 million in the preceding year to GBP 10.7 million in 2015 as revenue plunged from GBP 47.5 million to just GBP 5.5 million. In a statement the company explained that its …
The Xinhua news agency reported Friday that in May 2016 China’s lottery sales rose 7.8 percent year on year to 34.62 billion yuan (US$ 5.2 billion). Sales of welfare lottery tickets increased 1.8 percent to 18.37 billion yuan, while sports lottery sales jumped 15.6 percent to 16.25 billion yuan, the Ministry of Finance said in …
The Macau regulators, always quick off the mark with their gambling statistics, have revealed that Macau revenues continued to decline year-on-year in June 2016, falling 8.5 percent to 15.9 billion patacas ($1.99 billion). The decline was largely in line with analysts’ predictions of a 5 to 12 percent drop…the 25th consecutive month in which declines …
Figures released late Thursday by the Nevada Gaming Control Board revealed that Nevada gambling revenue in May 2016 was $958 million – slightly down on the billion dollars of the comparison period last year, when Las Vegas visitation numbers were higher thanks to the Floyd Mayweather and Manny Pacquiao fight, and the Rock in Rio …
Licensed Russian online sports betting sites 888.ru and Liga Stavok (see previous reports) have a new competitor this week following the official approval of land bookmaking firm Winline for internet operations. The company’s core business is providing betting in retail shops across the country’s major cities, but will now also offer online action on its …